Why is Net Detergent JSC ?
1
The company has declared Negative results for the last 4 consecutive quarters
- ROCE(HY) Lowest at 25.04%
- RAW MATERIAL COST(Y) Grown by 20.75% (YoY)
- OPERATING PROFIT MARGIN(Q) Lowest at 10.84 %
2
With ROE of 25.05%, it has a expensive valuation with a 2.58 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -22.56%, its profits have fallen by -31.5%
- At the current price, the company has a high dividend yield of 9.7
3
Underperformed the market in the last 1 year
- Even though the market (Vietnam VN Ho Chi Minh Index) has generated returns of 16.45% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -22.56% returns
How much should you hold?
- Overall Portfolio exposure to Net Detergent JSC should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Net Detergent JSC for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Net Detergent JSC
-18.33%
-1.46
24.63%
Vietnam VN Ho Chi Minh Index
16.53%
0.77
21.41%
Quality key factors
Factor
Value
Sales Growth (5y)
2.22%
EBIT Growth (5y)
2.87%
EBIT to Interest (avg)
45.41
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.42
Sales to Capital Employed (avg)
2.38
Tax Ratio
20.77%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
72.23%
ROE (avg)
34.53%
Valuation Key Factors 
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
2.58
EV to EBIT
6.75
EV to EBITDA
5.96
EV to Capital Employed
5.27
EV to Sales
0.68
PEG Ratio
NA
Dividend Yield
9.73%
ROCE (Latest)
78.09%
ROE (Latest)
25.05%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
Bullish
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
4What is working for the Company
OPERATING CASH FLOW(Y)
Highest at VND 274,904.82 MM
CASH AND EQV(HY)
Highest at VND 1,048,542.63 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 6.91 times
-12What is not working for the Company
ROCE(HY)
Lowest at 25.04%
RAW MATERIAL COST(Y)
Grown by 20.75% (YoY
OPERATING PROFIT MARGIN(Q)
Lowest at 10.84 %
PRE-TAX PROFIT(Q)
Fallen at -25.86%
NET PROFIT(Q)
Fallen at -25.92%
Here's what is working for Net Detergent JSC
Operating Cash Flow
Highest at VND 274,904.82 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (VND MM)
Cash and Eqv
Highest at VND 1,048,542.63 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Inventory Turnover Ratio
Highest at 6.91 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Here's what is not working for Net Detergent JSC
Operating Profit Margin
Lowest at 10.84 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Fallen at -25.86%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (VND MM)
Net Profit
Fallen at -25.92%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (VND MM)
Raw Material Cost
Grown by 20.75% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
Non Operating Income
Highest at VND 0.16 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






